U.S. regulator awards whistleblower $200m record payout over benchmark rigging case
OCT 21, 2021 | REPUBLISHED BY LIT: OCT 21, 2021
WASHINGTON, Oct 21 (Reuters) – A U.S. regulator on Thursday doled out a record reward of nearly $200 million to a whistleblower who provided information for a case involving the rigging of crucial financial benchmarks, according to the agency and a law firm involved in the award.
The U.S. Commodity Futures Trading Commission (CFTC)announced the award in a statement on Thursday, but did not disclose the recipient or details about the case or the precise amount.
Law firm Kirby McInerney LLP said in a statement its client scored the record bounty after providing extensive information and documents in 2012 that “catalyzed” investigations by the CFTC and a foreign regulator into benchmark manipulation.
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